Physics Words: Pay back time

Simple Description

The time it takes something to pay for itself by saving you money

Further Detail

For example, if loft insulation costs a home owner £400 to install but then saves them £40 per year, it has a pay back time of 10 years. In other words, after 10 years the owner has saved £400 and has saved the original cost of the insulation.

Related Words:



« Previous Word Next Word »